The majority of PR agencies saw revenues decline in 2009, according to a recent PRWeek article based on a year-end survey of PR agencies conducted by StevensGouldPincus. The survey polled 157 agencies and found 63.7 percent reported revenue declines from the prior year. While this data may come as no surprise to those following the economy lately, the survey also found that 23 percent of firms achieved higher revenues in 2008 – and 13.4 percent reported no change in profitability. Most of the firms reported average client and staff turnover rates – and most expect 2010 to be a much better year for business. [Read more...]